Sears Holdings announces that Bruce R. Berkowitz to step down from its board of directors

HOFFMAN ESTATES, Ill., 2017-Oct-18 — /EPR Retail News/ — Sears Holdings Corporation (NASDAQ: SHLD) today (Oct. 16, 2017) announced that Bruce R. Berkowitz has decided to step down from the company’s board of directors, effective October 31, 2017. Mr. Berkowitz joined the board of Sears Holdings in February 2016. “On behalf of the board of directors and management, […]

Sears Holdings signs licensing agreements to expand Kenmore and DieHard brands worldwide

Kenmore and Kenmore Elite Floor Care Products to be Sold at Retailers Worldwide DieHard Alkaline Batteries and Flashlights to be Sold at Retailers in Select Countries Internationally HOFFMAN ESTATES, Ill., 2017-Aug-23 — /EPR Retail News/ — Sears Holdings today (Aug 22, 2017) announced it has signed two licensing agreements that will broaden the reach of […]

Sears Holdings to release Q2 2017 financial results on Thursday, August 24, 2017

HOFFMAN ESTATES, Ill., 2017-Aug-23 — /EPR Retail News/ — Sears Holdings (NASDAQ: SHLD) announced today(Aug 22, 2017) that it expects to release its financial results for the Company’s fiscal 2017 second quarter before the market opens on Thursday, August 24, 2017, and simultaneously post a pre-recorded conference call and audio webcast on its corporate website. It […]

Sears Holdings launches Kenmore products on Amazon.com

Agreement with Amazon.com expands the reach of the Kenmore brand Customers can now control their Kenmore Smart home appliances with Amazon Alexa Kenmore Smart air conditioners integrated with Alexa are now available on Amazon.com HOFFMAN ESTATES, Ill., 2017-Jul-21 — /EPR Retail News/ — Sears Holdings (NASDAQ: SHLD) announced today (Jul 20, 2017) the launch of […]

Sears Holdings amends its existing Second Lien Credit Facility dated September 1, 2016

HOFFMAN ESTATES, Ill., 2017-Jul-10 — /EPR Retail News/ — Sears Holdings Corporation (NASDAQ: SHLD) today (July 7, 2017) announced that it has entered into an amendment to its existing Second Lien Credit Facility dated September 1, 2016.  The amended credit facility provides an uncommitted line of credit facility (the “Line of Credit Facility”) under which subsidiaries […]

Sears Holdings announces agreement to annuitize $515 million of its pension obligations

Partial Repayment and Extension of Loan Facility Agreement to Annuitize $515 Million of Pension Liability HOFFMAN ESTATES, Ill., 2017-May-25 — /EPR Retail News/ — Sears Holdings Corporation (“Holdings,” “we,” “us,” “our,” or the “Company”) (NASDAQ: SHLD) today (May 23, 2017) announced agreements to extend a portion of its $500 million 2016 Secured Loan Facility and […]

Sears Holdings to release its 1Q FY2017 financial results on Thursday, May 25, 2017

HOFFMAN ESTATES, Ill., 2017-May-25 — /EPR Retail News/ — Sears Holdings (NASDAQ: SHLD) announced today (May 23, 2017) that it expects to release its financial results for the Company’s fiscal 2017 first quarter before the market opens on Thursday, May 25, 2017, and simultaneously post a pre-recorded conference call and audio webcast on its corporate website. […]

Sears Holdings’ superior energy efficiency achievements earns recognition

HOFFMAN ESTATES, Ill., 2017-Apr-07 — /EPR Retail News/ — Sears Holdings has been named a 2017 ENERGY STAR Partner of the Year – Sustained Excellence Award winner for continued leadership in protecting our environment through superior energy efficiency achievements. Sears Holdings’ accomplishments will be recognized by the U.S. Environmental Protection Agency and the U.S. Department […]

Sears Holdings closes sale of the Craftsman brand to Stanley Black & Decker

Reached an agreement with the Pension Benefit Guaranty Corporation in relation to the Craftsman transaction To release its fiscal 2016 fourth quarter and full year financial results on March 9, 2017 HOFFMAN ESTATES, Ill., 2017-Mar-10 — /EPR Retail News/ — Sears Holdings Corporation (“Holdings,” “we,” “us,” “our,” or the “Company”) (NASDAQ: SHLD) announced today that it […]

Stanley Black & Decker to acquire Craftsman brand from Sears Holdings

Stanley Black & Decker to develop, manufacture and sell Craftsman-branded products in non-Sears Holdings channels Sears Holdings to continue sourcing and selling Craftsman-branded products in all its retail channels under perpetual license agreement Agreement consists of $525 million cash payment at closing, $250 million at end of year three, and annual payments to Sears Holdings […]

Sears Holdings announces strategic actions to increase its financial flexibility and improve operating performance

HOFFMAN ESTATES, Ill., 2017-Jan-07 — /EPR Retail News/ — Sears Holdings Corporation (NASDAQ: SHLD) today (Jan. 5, 2017) announced a series of additional strategic actions to increase its financial flexibility and improve long-term operating performance. These actions will facilitate the transformation of Sears from a store-based, asset-intensive business model into a membership-focused, asset-light business model. […]

Sears Holdings 3Q 2016: We remain fully committed to restoring profitability to our Company

HOFFMAN ESTATES, Ill., 2016-Dec-09 — /EPR Retail News/ — Sears Holdings Corporation (“Holdings,” “we,” “us,” “our,” or the “Company”)(NASDAQ: SHLD) today (Dec. 8. 2016) announced financial results for its third quarter ended October 29, 2016. As a supplement to this announcement, a presentation, pre-recorded conference and audio webcast are available at our website http://searsholdings.com/invest. In summary, we reported […]

Sears Holdings: Steven T. Mnuchin to step down from the board to embark on an important post in President-elect Trump’s administration

HOFFMAN ESTATES, 2016-Dec-05 — /EPR Retail News/ — Sears Holdings Corporation (NASDAQ: SHLD) today (Dec. 2, 2016) announced that Steven T. Mnuchin has informed the company that he has decided to step down from the company’s board of directors, effective immediately. President-elect Donald J. Trump recently announced his intent to nominate Mr. Mnuchin as Secretary […]

Sears Holdings to release 3Q 2016 financial results on Thursday, December 8, 2016

HOFFMAN ESTATES, Ill., 2016-Dec-02 — /EPR Retail News/ — Sears Holdings (NASDAQ: SHLD) announced today (Dec. 1, 2016 ) that it expects to release its financial results for the Company’s fiscal 2016 third quarter before the market opens on Thursday, December 8, 2016, and simultaneously post a pre-recorded conference call and audio webcast on its corporate […]

Sears Holdings Q1 2016: Kmart and Sears Domestic comparable store sales decline 5.0% and 7.1% respectively

HOFFMAN ESTATES, Ill., 2016-May-31 — /EPR Retail News/ — Sears Holdings Corporation (“Holdings,” “we,” “us,” “our,” or the “Company”)(NASDAQ: SHLD) today announced financial results for its first quarter ended April 30, 2016. As a supplement to this announcement, a presentation, pre-recorded conference and audio webcast are available at our website http://searsholdings.com/invest. In summary, we reported: Reported net loss […]

Sears Holdings expects to release its FY2016 Q1 financial results on Thursday, May 26, 2016

HOFFMAN ESTATES, Ill., 2016-May-24 — /EPR Retail News/ — Sears Holdings (NASDAQ: SHLD) announced today that it expects to release its financial results for the Company’s fiscal 2016 first quarter before the market opens on Thursday, May 26, 2016, and simultaneously post a pre-recorded conference call and audio webcast on its corporate website. It will feature […]

Sears Holdings honored with 2016 ENERGY STAR Partner of the Year – Sustained Excellence Award by EPA

Sears Holdings recognized for its sustained leadership to protect the environment HOFFMAN ESTATES, Ill., 2016-Mar-29 — /EPR Retail News/ — The U.S. Environmental Protection Agency (EPA) has recognized Sears Holdings with a 2016 ENERGY STAR Partner of the Year – Sustained Excellence Award for its continued leadership in protecting our environment through superior energy efficiency achievements. […]

Sears Holdings to release its fiscal 2015 Q4 and full year financial results on Feb. 25, 2016

HOFFMAN ESTATES, Ill., 2016-Feb-23 — /EPR Retail News/ — Sears Holdings (NASDAQ: SHLD) announced today that it expects to release its financial results for the Company’s fiscal 2015 fourth quarter and full year before the market opens on Thursday, Feb. 25, 2016, and simultaneously post a pre-recorded conference call and audio webcast on its corporate website. […]

Sears Holdings to release financial results for its fiscal 2015 third quarter on Thursday, December 3

HOFFMAN ESTATES, Ill., 2015-11-24 — /EPR Retail News/ —  Sears Holdings Corporation (NASDAQ: SHLD) today announced the company currently plans to release financial results for its fiscal 2015 third quarter on Thursday, December 3, 2015. About Sears Holdings Corporation Sears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer focused on seamlessly connecting the digital […]

Sears Holdings: Tom Park appointed president Kenmore, Craftsman & DieHard business unit

HOFFMAN ESTATES, Ill., 2015-9-16 — /EPR Retail News/ — Sears Holdings Corporation (NASDAQ: SHLD) today announced the appointment of Tom Park as president, Kenmore, Craftsman & DieHard, the company’s iconic brands business unit. Park most recently served as the vice president and general manager of the Linksys division of Belkin International where he has held various […]

Sears Holdings entered into a binding term sheet for a five-year agreement with Pension Benefit Guaranty Corporation (PBGC)

HOFFMAN ESTATES, Ill., 2015-9-8 — /EPR Retail News/ — Sears Holdings Corporation (the “Company”) (NASDAQ: SHLD) today announced that it has been in discussions with the Pension Benefit Guaranty Corporation (“PBGC”) with respect to the Company’s rights offering and sale-leaseback transaction with Seritage Growth Properties, a recently formed, independent publicly traded real estate investment trust, which […]

Lynn Pendergrass joins Sears Holdings as President, Hardlines

HOFFMAN ESTATES, Ill., 2015-8-25— /EPR Retail News/ — Sears Holdings (NASDAQ: SHLD) announced today that Lynn Pendergrass joined the company in the new role of President, Hardlines. In this position, she will be responsible for working across the Kenmore, Craftsman & DieHard business unit and its hardlines partners — including Home Appliances, Lawn & Garden, Tools, […]

Sears Holdings to release its financial results for the Company’s fiscal 2015 second quarter before the market opens on Aug. 20, 2015

HOFFMAN ESTATES, Ill., 2015-8-19— /EPR Retail News/ — Sears Holdings (NASDAQ: SHLD) announced today that it expects to release its financial results for the Company’s fiscal 2015 second quarter before the market opens on Thursday, Aug. 20, 2015, and simultaneously post a pre-recorded conference call and audio webcast on its corporate website. It will feature […]

Sears Holdings appoints Joelle Maher as president and chief member officer for the Sears format HOFFMAN ESTATES, Ill.

Role critical to meeting needs of the Sears’ Shop Your Way members HOFFMAN ESTATES, Ill., 2015-7-14 — /EPR Retail News/ — Sears Holdings (NASDAQ: SHLD) announced today that Joelle Maher has joined the company as president and chief member officer for the Sears format. In this role, Maher will be responsible for developing the Shop […]